why is global capital markets limited (530263) rising ✌️【Stock Insights】✌️ Free access to global stock market data, with real-time updates on indices, futures, and commodities. Make informed investment decisions with the help of expert advisors and accurate stock trend predictions. why is global capital markets limited (530263) rising - Free AI-Powered Stock Predictions ✌️【Stock Insights】✌️ AI-powered stock trend analysis with free, up-to-the-minute updates. Analyze global stock, futures, and forex data to capture market movements and make smart investment choices with expert insights.

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Ina letterto the Department of Housing and Urban Development and the Consumer Financial Protection Bureau, ten Democratic U.S. senators asked the regulators to investigate Navy Federal Credit Union’s mortgage lending for compliance with federal anti-discrimination laws. The credit union, which has more than 13 million members, lends to military servicemembers, defense personnel, veterans, and their families.

“Navy Federal’s members have made countless sacrifices in their service to our country,” the senators wrote in the letter. “We must do all we can to ensure illegal barriers are not placed on their path to homeownership.”

why is global capital markets limited (530263) rising ✌️【Stock Insights】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. The letter’s authors include the chairs of the Senate Banking and Finance committees, Sen. Sherrod Brown, D-Ohio, and Sen. Ron Wyden, D-Oregon.

In addition, 40 members of the Congressional Black Caucus wrotea separate letterto Navy Federal on Thursday requesting a meeting with the credit union’s CEO and asking for answers and additional data about racial disparities in its mortgage lending.

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why is global capital markets limited (530263) rising ✌️【Stock Insights】✌️ Free stock selection services backed by expert predictions. Our advanced analytics and real-time market data will help you stay ahead of the competition and make smart, profitable investment decisions. The nearly 29-percentage-point gap in Navy Federal’s approval rates was the widest of any of the 50 lenders that originated the most mortgage loans in 2022. The disparity remained even after accounting for variables such as applicants’ income, debt-to-income ratio, property value, and down payment percentage, 【 - Free AI-Powered Stock Predictions 】’s review found.

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“When denial rates for Black and Hispanic applicants at one institution appear to be drastically higher than the national average and higher than their rates for similarly situated white borrowers, it raises questions about whether its mortgage lending practices comply with federal fair housing and fair lending laws and regulations,” the letter reads.

In the other letter from the Congressional Black Caucus members, which also cited 【 - Free AI-Powered Stock Predictions 】’s reporting, the signatories requested a meeting with Navy Federal CEO Mary McDuffie before the end of the month “to discuss how such striking disparities occurred and what immediate actions are being taken to remedy harmful policies, practices, and procedures.” The letter was authored by Reps. Emanuel Cleaver and Steven Horsford, the former and current chairs of the caucus, and the signatories also include Rep. Hakeem Jeffries, the House Minority Leader.

“Navy Federal should explain its increasingly widening racial lending gap and how more than half of the Black service members, veterans, and their families who applied for a conventional mortgage in 2022 were rejected and denied homeownership and wealth building opportunities,” the letter states.

In a statement Thursday, a Navy Federal spokesperson said the credit union was already reviewing its mortgage practices, and noted that it provided provided a higher percentage of its loans to Black borrowers than most other large lenders.

“Navy Federal is committed to serving each and every one of our members fairly, and we strive every day to expand economic opportunity and access to credit for our diverse community of members,” the spokesperson said. “Because these issues are core to who we are, we have also already initiated a review to assess our mortgage lending policies and practices.”

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In addition to the two letters, Maxine Waters, the top Democrat on the House Financial Services Committee, has previouslypublicly urgedfederal regulators to examine Navy Federal’s mortgage practices.

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why is global capital markets limited (530263) rising ✌️【Stock Insights】✌️ Expert predictions of stock trends to help you select high-potential stocks accurately, along with free real-time market data on stocks, futures, and commodities. Maximize your growth potential by staying updated on market movements. Navy Federal is also facing twoclass-action lawsuitsfrom Black borrowers who were denied loans and are accusing the lender of racial discrimination. Both of the lawsuits cite 【 - Free AI-Powered Stock Predictions 】’s reporting.

Lawyers for the plaintiffs – including the civil rights lawyer Ben Crump – moved late last month to combine the two cases, which were filed in a Virginia federal court. Navy Federal has not yet responded to the lawsuits in court.

why is global capital markets limited (530263) rising ✌️【Stock Insights】✌️ Free stock market strategies and analysis based on real-time data, empowering you to choose profitable investment options and avoid risks. Our expert predictions will help you stay in tune with the latest market trends. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free AI-Powered Stock Predictions 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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